Description

In this collection of 17 articles, top scholars synthesize and analyze scholarship on this widely used tool of policy analysis, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top US graduate schools, it is employed universally in the development of economic policy. This collection is particularly important because it presents a history of modeling applications and examines competing points of view.

Key Features

  • Presents coherent summaries of CGE theories that inform major model types
  • Covers the construction of CGE databases, model solving, and computer-assisted interpretation of results
  • Shows how CGE modeling has made a contribution to economic policy

Readership

Graduate students and professors worldwide working in all subdisciplines of economics and finance.

Table of Contents

Section 1.  Overview

1. An introduction to CGE modeling

  Peter B. Dixon and Dale W. Jorgenson

Section 2.  Single-Country CGE Projects

2. The MONASH style of CGE modeling: a framework for hisorical, decomposition, forecast and policy simulations

  Peter B. Dixon, Robert B. Koopman and Maureen T. Rimmer

3. CGE assessments of fiscal sustainability in Norway

  Erling Holmoy

4. MAMS - a Computable General Equilibrium Model for Developing Country Strategy Analysis

  Hans Lofgren, Martin Cicowiez and Carolina Diaz-Bonilla

5. The contribution of CGE modeling to policy formulation in developing countries

  Sherman Robinson and Shantayanan Devarajan

6. Putting services and foreign direct investment into CGE models: reflections on the use of CGE models in policy discussions

  David Tarr

7. Regional CGE Modeling

  John R. Madden and James A. Giesecke

8. IGEM: a model of U.S. economic growth and the environment

  Dale W. Jorgenson, Peter Wilcoxen and Mun Ho

9. Energy and Environment Modeling in Australia

  Philip D. Adams and Brian R. Parmenter

10. Tax reform, the cost of capital, and U.S. economic growth

  Dale W. Jorgenson and Kun-Young Yun

11. Dynamic overlapping generations computational general equilibrium models               and the analysis of tax policy

  John W. Diamond and George R. Zodrow

Section 3.  Global CGE Projects

12. Applied General Equilibrium Analysis using the GTAP Framework

  Thomas Hertel

13. Estimating effects of price-distorting policies using alternative distortions databases 

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Details

No. of pages:
888
Language:
English
Copyright:
© 2013
Published:
Imprint:
North Holland
Print ISBN:
9780444536341
Electronic ISBN:
9780444536358

About the editors

Dale Jorgenson

Professor of Economics, Harvard University, Cambridge, Mass USA

Peter Dixon

Sir John Monash Distinguished Professor, Centre of Policy Studies, Monash University, Australia

Reviews

"The chapters in this volume address many of the most challenging economic policy issues facing both developed and developing countries and regions. The book is required reading for anyone wishing to understand the power and range of computable general equilibrium modelling as an input to strategy analysis and policy making."

--Larry Dwyer,  University of New South Wales

"The rich CGE applications presented in this volume show that CGE modeling is a vital tool for policy analysis.  These chapters will be valuable resources for students and scholars who are interested in new insights and developments."

--Jian Xie, The World Bank

"This volume is a clearly written, comprehensive review of the state of the art in CGE modeling, and will be of great value both to those who do CGE modeling and those who use CGE model results for policy analysis and evaluation."

--David G. Abler, Pennsylvania State University